Thermotop Technology S.R.L. did not have any economic activity until the date of notification of the transaction and did not register any turnover. The company will open a production unit of polyisocyanurate foam, therefore, the future activity of this company will be the production and
marketing of polyisocyanurate foam.
Revaty Limited is an investment holding company from Cyprus. The Revaty Group controls two companies that are headquartered in Romania and have earned revenues on the national territory, but none of them has carried out activities of production and marketing of polyisocyanurate foam.
Tradeflax Limited is a company from Cyprus that carries out investment holding and other monetary intermediation activities. The Tradeflax Group is present on the Romanian market through several companies that achieve turnover in several fields of activity such as real estate development, electronics industry, installations and constructions, power generation, district heating and medical field.
Following the analysis, the Competition Council found that this operation does not significantly impede effective competition on the Romanian market or in a substantial part of it and that there are no serious doubts as to its compatibility with a normal competition environment.